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Check out these 10 tips for cutting monthly expenses. You’ll be able to free up extra money in your budget to do the things you desire.

1. Get a cheaper cell phone plan  

My husband and I paid our phone installments off and switched from AT&T to Straight Talk Wireless. We went from paying $190 per month (not an unlimited data plan) to paying $110 per month for unlimited data.

That alone is almost $1,000 savings.

Guess what! Our cell phone service is better with Straight Talk than it was with a prepaid plan with AT&T.

Other affordable prepaid plans include: Republic Wireless, Ting, Boost Mobile, Cricket, Metro PCS, Virgin Mobile, and the list goes on.

2. Cut Cable

With so many cheaper options, cable is one of the first expenses you can cut from your budget and not even miss.

My family has been without cable for YEARS.

Alternatives to cable

Netflix runs between $8.99 and $16.99 a month.

Hulu is between $5.99 and $11.99 a month. It’s my personal favorite because they show current season episodes 1 day after it airs on cable TV,

You pay for internet anyway, watch YouTube. You can literally find almost everything on YouTube.

Also, try buying an antenna and hooking it up to your TV to get a few basic channels.

Sling TV offers some of your favorite channels with plans starting at just $25/month.

I’d much rather be spending up to $25 a month to watch shows over paying $100-$200 a month. How many times have you turned the TV on and looked at the television guide to find that there was nothing on that you wanted to watch?

3. Get a better car insurance rate  

You don’t have to wait for your policy to be paid in full before you switch car insurance companies. Shop around to find the best car insurance rates.

More than likely, you can get several quotes online just by doing a simple search.

Going to a local independent broker may save you more money because they will do a search through their system comparing rates for you with companies you may have not tried on your own.

4. Ditch your gym membership 

At the start of the year, we are all pumped up ready to put our New Year’s Resolutions into full force, so we join the gym. But by May, we’re DONE. We keep paying for the gym membership hoping that will give us some motivation to go back, but we don’t.

It’s wasted money. Spending money on a gym membership that you haven’t been to in months is crazy. THAT money could be going toward something else more useful. 

5. Decrease your grocery budget

Many of us spend more than we’d like to on groceries. Start by cutting your grocery budget in smaller increments. Cut it by $50 this month, another $25 the next month and so on until you’re at a reasonable amount.

Be sure to read 15 ways you can save on your grocery bill.

6. Consolidate your debt

Sometimes consolidating your debt makes more sense than not. If you’re making a lot of monthly payments toward debt each month, consolidating your debt can really lower your monthly out of pocket expenses.

It’s always worth a shot to try to see if you can get a better interest rate.

If you have credit card debt, chances are your interest rate is at least 20%. So even a consolidation interest rate of 13% is better than the 20%.

7. Do your own hair and nails

As moms and women and general, we like to pamper ourselves. We like to look nice, which includes getting our hair and nails done.

How much did you spend on your last mani-pedi? How much did you spend on your last trip to the salon?

Choosing to do your own hair and nails will save you additional money. Instead of frequenting the nail and hair salon, use it as something you treat yourself to every once in a while.

8. Cut the coffee shop trips 

It’s no secret that the cost of everything continues to go up year after year – even coffee. Starbucks has raised the prices of their products for the past 2 years.

Stop paying for high priced coffee at Starbucks, Dunkin Donuts and the like, and start brewing your own coffee in the morning.

Both Starbucks and Dunkin Donuts coffee is sold by the bag at your local grocery stores. 

9. Cancel unused subscriptions

I’m guilty of it myself, I sign up for a free trial and forget to cancel. Meanwhile, the company never forgot to stop billing me. Payments continue to be auto drafted from my bank account.

If you’re paying for a subscription service that no longer offers you any value, cancel it. Cancel any subscription that you find yourself only using once in a blue moon.

Go through your bank statements and your credit card states and see which reoccurring expenses continue month after month. You’ll end up saving yourself from wasting money. 

10. Cancel Amazon Prime 

These days, it seems like everybody has an Amazon Prime membership. It sure makes for great convenience, but is it something that we really need? Prime memberships cost $12.99 per month or $119 per year if you pay the annual price up front.

A lot of us are paying the monthly membership price which ends up costing us even more.

There are so many other ways we could spend that $120-$150 per year. For me, that’s about 3-5 additional full tank of gas fill ups.

You can still shop on Amazon without a Prime membership. Chances are, you are spending more than $35 per shopping trip on Amazon so you’ll still get the free shipping. Prime just gives you the convenience of getting the item in 1-2 days.

Want to know the secret to being able to live without Prime? Don’t procrastinate and wait until the last minute to purchase your items. Quick fix.

What are some ways that you save money each month?

Hey there, I’m Ozella!
It’s my goal to create a community of moms who are ready to get out of debt, budget better and create their dream life without money standing in the way.

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Ozella is a millennial wife and mom on a journey to financial freedom. Having grown up financially dumb, she learned the hard way and is now working her way out of debt. She uses The Intentional Dollar to share all that she is learning with others through her own journey.

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